Shares of Zumiez (Nasdaq:ZUMZ) were gapping up Thursday morning with an open price 10.8% higher than Wednesday's closing price. The stock closed at $26.33 yesterday and opened today's trading at $29.17.
NEW YORK ( TheStreet) -- Shares of Zumiez (Nasdaq: ZUMZ) were gapping up Thursday morning with an open price 10.8% higher than Wednesday's closing price. The stock closed at $26.33 Wednesday and opened today's trading at $29.17. The average volume for Zumiez has been 472,500 shares per day over the past 30 days. Zumiez has a market cap of $823.6 million and is part of the services sector and retail industry. Shares are down 5.2% year to date as of the close of trading on Wednesday. Zumiez Inc. operates as a specialty retailer of action sports related apparel, footwear, equipment, and accessories in the United States. The company has a P/E ratio of 24.3, below the average retail industry P/E ratio of 24.5 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Zumiez as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth, expanding profit margins, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Zumiez Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.